Carefully draw the graph that depicts the relation between objective and subjective value proposed by Prospect theory. Briefly describe the two most important features of this graph, as they pertain to people's choices.

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The Answer of Carefully draw the graph that depicts the relation between objective and subjective value proposed by Prospect theory. Briefly describe the two most important features of this graph, as they pertain to people's choices.

Carefully Draw the Graph That Depicts the Relation Between Objective